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Nov 8, 2012
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>> this is tightly organized theaters just like conventions are here in the u.s. no party hats or streamers or bloorngs but it's really a similar show for the media. the real negotiations happen behind closed doors and most of them as much as a month or more than a month ago. in china, the thing to know is that decisions like these are made by consensus among a group of people that number in the hundreds and not in the single digit which is means it's an average of a bunch of opinions which means it's quite stable relative to a personality-driven election like in the u.s. there are three factions in play in china right now. the the hu and wen factions worked through the provinces to become leaders and they're the reformers. the second group is the jiang zemin group and jiang was the president before hu who left in 2002. he was widely viewed that on his death bed he's made a resurgence and this convention is basically the jiang zemin crowd known as the shanghai gang in china taking over the china. the children of the original revolutionary leaders and xi is one of
>> this is tightly organized theaters just like conventions are here in the u.s. no party hats or streamers or bloorngs but it's really a similar show for the media. the real negotiations happen behind closed doors and most of them as much as a month or more than a month ago. in china, the thing to know is that decisions like these are made by consensus among a group of people that number in the hundreds and not in the single digit which is means it's an average of a bunch of opinions...
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Nov 8, 2012
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they're saying their rating on u.s. debt is likely to be maintained until the outlook of negotiations is clear. now fitch, they're likely to review their rating of u.s. debt in late 2013. late 2013. standard & poors poor's is saying it is a 1 in 3 chance of a downgrade over the coming two years. what do the ratings agencies want to see in order to avoid those kinds of downgrades? what they're saying is laid out specifically in their reports. moody's saying they want to see specific policies that produce a stabilization. they want a downward federal debt to gdp trend. fitch says they want an agreement on med yum term deficit reduction in 2013. standard and poor's is saying a medium term fiscal plan toward reducing general government debt. if you're an investor worried about these ratings agencies, it is very clear here that you are going to know the outcome of the fiscal cliff negotiations here in washington before these ratings agencies make a move to downgrade u.s. debt. they are going to wait to see what happens in th
they're saying their rating on u.s. debt is likely to be maintained until the outlook of negotiations is clear. now fitch, they're likely to review their rating of u.s. debt in late 2013. late 2013. standard & poors poor's is saying it is a 1 in 3 chance of a downgrade over the coming two years. what do the ratings agencies want to see in order to avoid those kinds of downgrades? what they're saying is laid out specifically in their reports. moody's saying they want to see specific policies...
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Nov 8, 2012
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right now it does look like europe and in the u.s. that they're profits are going down. >> does this firm get smaller, jay? your firm is reporting that layoffs at groupon are happening. is this the beginning of the end for the company? these layoffs. >> it's got to cut a few jobs here. it's got to shrink down a little bit. obviously, it's struggling. i would bring up the point he just mentioned about the brand awareness. think about that. groupon is number one. it is the number one brand. it has the greatest brand awareness. these are the results you get with great brand awareness. what does that mean? what else can it did? it has to figure out something else. then when it has to figure out something else, that means it has to figure out something else. it's not going what it's known for doing. >> you know, silicon valley entrepreneur told me yesterday that he's positive about facebook. i want you to hear what he said about mark zuckerberg and get your reaction. >> i think he's not only one of the best technology industry ceos, i thin
right now it does look like europe and in the u.s. that they're profits are going down. >> does this firm get smaller, jay? your firm is reporting that layoffs at groupon are happening. is this the beginning of the end for the company? these layoffs. >> it's got to cut a few jobs here. it's got to shrink down a little bit. obviously, it's struggling. i would bring up the point he just mentioned about the brand awareness. think about that. groupon is number one. it is the number one...
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Nov 8, 2012
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you take the u.s. as at least a third of that, and you take colorado through their 500-plus medical marijuana facilities already in place. they've been taxing and regulating this for a few years now. the expectation is that with full legalization through the taxes, it could mean $40 million a year going right into their school systems. quickly want to recap what actually passed. in washington and colorado, they're both essentially the same. in colorado you got to be older than 21. you can possess an ounce of marijuana. that includes out of state residents. you can't take it with you though. local governments can still ban commercial sales in businesses can still say employees cannot smoke. they can still make those rules at the microlevel. the major difference between the two states is in colorado people can also grow limited amounts on their own. you doont thcan't do that in wa. you're not supposed to smoke it in public. we'll see about enforcement on that. can you imagine getting busted for smoking p
you take the u.s. as at least a third of that, and you take colorado through their 500-plus medical marijuana facilities already in place. they've been taxing and regulating this for a few years now. the expectation is that with full legalization through the taxes, it could mean $40 million a year going right into their school systems. quickly want to recap what actually passed. in washington and colorado, they're both essentially the same. in colorado you got to be older than 21. you can...
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Nov 8, 2012
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would that money go toward u.s. infrastructure, u.s. jobs? give us a rough idea of how that money might be deployed. >> yeah. so we would do both. obviously, more investment. we are growing substantially in the united states in terms of jobs. probably two thirds of employees already in the united states. even though about 95% of our revenues come offshore so we're very focused on growing in the united states. we think that we have great talent here. but of course, we are not a team with big factories. we are called chip designers and somebody builds them for us. we hope to see growth in the united states. i mean -- >> all right. we were going the lose that shot at 9:50 eastern time. >> the edge on that one. >> you want to use every single second. >> someone like paul jacobs. >> people. at home should know we knew this was coming and didn't want to let you down. bet tore hear from him than from us. this is the most important guy trying to save the market today. >> right. >> and so we did go over and that's what happens. >> you asked the questi
would that money go toward u.s. infrastructure, u.s. jobs? give us a rough idea of how that money might be deployed. >> yeah. so we would do both. obviously, more investment. we are growing substantially in the united states in terms of jobs. probably two thirds of employees already in the united states. even though about 95% of our revenues come offshore so we're very focused on growing in the united states. we think that we have great talent here. but of course, we are not a team with...
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Nov 8, 2012
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good-bye to policy gridlock and economic stagnation and roll up sleeves, make 2013 a better year for the u.s. economy. they're urging congress and the white house to do the same. well, let's talk to john engler, president of the business round table, former republican of michigan. governor. so john, elections matter. you know that. there's already been some degree of cooperation in the last 24 hours. the president called the leaders. mr. boehner reciprocated, said maybe we can make a deal. what do you think's going on here? >> well, i hope it is a thaw that's going to result in some significant progress. we're way behind in terms of work that just needs to be done. i mean, provisions in the tax law that if expired will be going on almost a year now. more at the end of this year. so this short-term fiscal cliff has to be gotten out of the way. that's just noise. and then we need to get serious on the long-term fiscal strategy, which includes economic growth, comprehensive tax reform, and entitlement reform. those three are all i think integral parts of a plan that would see america and our ec
good-bye to policy gridlock and economic stagnation and roll up sleeves, make 2013 a better year for the u.s. economy. they're urging congress and the white house to do the same. well, let's talk to john engler, president of the business round table, former republican of michigan. governor. so john, elections matter. you know that. there's already been some degree of cooperation in the last 24 hours. the president called the leaders. mr. boehner reciprocated, said maybe we can make a deal. what...